Bolsonaro, Merkel, and Sanchez Stars In Davos

The World Economic Forum will hold its 49th edition between January 22 and 25, which will have more than 3,000 participants, gathered in the Swiss town of Davos-Klosters under the slogan ‘Globalization 4.0: Setting up a global architecture in the era of the fourth industrial revolution ‘ and that will count on the German chancellor, Angela Merkel, and the presidents of Spain, Pedro Sánchez, and of Brazil, Jair Bolsonaro, as major political demands in an orphan edition of most of the world’s leading leaders.

” After the Second World War, the international community joined forces to build a shared future, and today it must do it again, ” said Klaus Schwab, founder and president of the World Economic Forum, adding that “instead of closing economies through protectionism and nationalist politics, a new social pact must be forged between citizens and their leaders, so that everyone feels safe enough within their own country to stop being open to the world in general. ”

In this sense, the World Economic Forum warns in its ‘Global Risks Report 2019’ that world economic growth will be held back by the “continuing geoeconomic tensions”, which will lead to a deterioration of multilateral trade rules and agreements.

The document, which has had the collaboration of Marsh & McLennan Companies and Zúrich Seguros , indicates that the “worsening” of international relations has “made it difficult” to take measures in the face of “a growing series of challenges”.

In particular, the World Economic Forum has confirmed, after consulting about 1,000 experts from all over the world, that a “deterioration” of the current economic and geopolitical conditions is taking place. “Thus, 88% of the respondents expect that the trade agreements worldwide suffer an “erosion” during this year.

“In a context in which global trade and economic growth are at risk, it is very important to renew the architecture of international cooperation, we do not have the power to face the kind of slowdown to which the current dynamics could lead us ,” has underlined the president of the World Economic Forum, Borge Brende.

Also, in a 10-year scenario, “extreme” weather events, such as floods or storms, remain one of the main risks by probability, followed by “failure” of climate change mitigation, natural disasters or cyber attacks. on a large scale.

On the other hand, concerns about the risk of fraud related to data and cyber attacks were once again highlighted by the leaders surveyed along with other technological vulnerabilities. In this way, approximately two-thirds of them believe that the risks associated with false news and identity theft will increase in 2019, while three-fifths feel the same about the loss of privacy in companies and governments.